"There are expanding opportunities for TVN's premium Australian racing product internationally, particularly in the Asian time zone,'' he said.

"The exploitation of these aggregated media rights will now ensure that the financial returns to thoroughbred racing are maximised.

"This was the reason TVN was created.''

Racing NSW chairman John Messara said the agreement would allow racing to showcase itself "in an optimal fashion''.

"While we have taken considerable time to finalise these important arrangements, the racing industry can be assured that we are united in our quest to fully exploit racing's valuable media assets in the best interests of our wonderful industry,'' he said.

News.com.au's Privacy Policy includes important information about our collection, use and disclosure of your personal information (including to provide you with targeted content and advertising based on your online activities). It explains that if you do not provide us with information we have requested from you, we may not be able to provide you with the goods and services you require. It also explains how you can access or seek correction of your personal information, how you can complain about a breach of the Australian Privacy Principles and how we will deal with a complaint of that nature.

A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites.